On August 28, MEITU rose 6.49% in regular trading, trading at HKD 4.77/share, with turnover of HKD 86.20 million, extending the rally following its interim results release.

On the news front, the company reported H1 revenue of RMB 22.1 billion, up 22.1% YoY, with net profit attributable to shareholders of RMB 6.19 billion, up 40% YoY. Paid subscribers exceeded 18.44 million, growing 19.7% YoY, while monthly active users reached approximately 282 million, a record high. AI productivity application ARR reached approximately RMB 620 million, up 47.8% YoY, with Kaipai and Vmake Labs ARR growing over two and three times respectively.

On the analyst front, Huatai Securities maintained a Buy rating with a target price of HKD 13.28. Citi previously initiated coverage with a Buy rating and a target price of HKD 7, stating the market underestimates MEITU's AI-driven upside potential. Goldman Sachs maintained its Buy rating with a target price of HKD 12.3, expressing optimism on new features driving paid conversion rates.

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